Cryptologic Exchange Corporation Announces Redemption of All Outstanding Exchangeable Shares and Exercise of Redemption Call Right by Cryptologic Callco ULC

Cryptologic Exchange Corporation Announces Redemption of All Outstanding Exchangeable Shares and Exercise of Redemption Call Right by Cryptologic Callco ULC

TORONTO, ONTARIO — (Marketwire) — 04/03/12 — CRYPTOLOGIC EXCHANGE CORPORATION. (TSX: CXY) a subsidiary of CryptoLogic Limited (TSX: CRY)(NASDAQ: CRYP)(LSE: CRP) announces that, as a result of the recent change in control of CryptoLogic Limited, it has called for the redemption of its outstanding Exchangeable Shares on April 10, 2012 (the "Redemption Date") and that CryptoLogic Callco ULC ("Callco") has given notice of its intent to exercise its overriding redemption call